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Malaysia's June exports rebound, but Q2 growth still seen as weak

The ringgit, now trading at around 3.87 to the US dollar, could face more pressure, with the US Federal Reserve rate hikes looming.

PHOTO: AFP

Kuala Lumpur

MALAYSIA'S June exports grew 5 per cent or RM3 billion (S$1.06 billion) to RM64.3 billion year-on-year, but notwithstanding the strong rebound from the previous months, economists expect second quarter GDP growth to moderate to around 4 per cent.